Published on 6/21/2017 in the Prospect News Structured Products Daily.
New Issue: Deutsche Bank sells $1.58 million digital return notes on oil & gas ETF
By Marisa Wong
Morgantown, W.Va., June 21 – Deutsche Bank AG, London Branch priced $1.58 million of 0% digital return notes due July 5, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above the trigger price, 75% of the initial price, the payout at maturity will be par plus the digital return of 9.85%. Otherwise, investors will lose 1% for every 1% that the fund declines from its initial level.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
Issuer: | Deutsche Bank AG, London Branch
|
Issue: | Digital return notes
|
Underlying fund: SPDR S&P Oil & Gas Exploration & Production ETF
|
Amount: | $1.58 million
|
Maturity: | July 5, 2018
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If the final fund level is greater than or equal to the trigger level, par plus 9.85%; otherwise, 1% loss for every 1% that the fund declines from its initial level
|
Initial level: | $31.65
|
Trigger level: | $23.74, 75% of initial level
|
Final level: | Average of closing levels on five averaging dates ending June 29, 2018
|
Pricing date: | June 16
|
Settlement date: | June 21
|
Agents: | JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
|
Fees: | 1%
|
Cusip: | 25155MBV2
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.